ISI Group Upgrades Sunstone Hotel Investors to “Buy” (SHO)
Sunstone Hotel Investors (NYSE:SHO) was upgraded by investment analysts at ISI Group from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports.
Shares of Sunstone Hotel Investors (NYSE:SHO) opened at 13.44 on Monday. Sunstone Hotel Investors has a 1-year low of $10.81 and a 1-year high of $14.10. The stock has a 50-day moving average of $13.09 and a 200-day moving average of $12.89. The company has a market cap of $2.458 billion and a P/E ratio of 42.29.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, November 12th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $250.40 million for the quarter, compared to the consensus estimate of $244.21 million. During the same quarter last year, the company posted $0.23 earnings per share. Sunstone Hotel Investors’s revenue was up 22.1% compared to the same quarter last year. Analysts expect that Sunstone Hotel Investors will post $0.93 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James upgraded shares of Sunstone Hotel Investors from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 4th. They now have a $14.50 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 in a research note to investors on Thursday, November 14th. They now have an “equal weight” rating on the stock. Finally, analysts at FBR Capital Markets raised their price target on shares of Sunstone Hotel Investors from $14.00 to $15.00 in a research note to investors on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $13.81.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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